Nasdaq Composite Index and Technology Trailblazers

technology trailblazers: Just look at the list of technology trailblazers whose values have plummeted from record highs during the past few weeks. Investors have re-focused on safer sectors such as utilities, health care and consumer staples instead of companies that promise potential growth from online services that are building huge audiences, according to CTV. Stocks across all sectors dropped Friday. The tech-driven Nasdaq composite index fell 54.37 points, or 1.3 per cent to 3,999.73 to punctuate a punishing week, and is down 8 per cent since early March, when it hit a 14-year closing high of 4,358. Last year, the Nasdaq soared 38 per cent and SAN - The stock market's laws of gravity are ravaging its highest fliers. Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 per cent to 45 per cent below their recent peaks. The steep downfall is raising questions about whether this is just a fleeting fit of fickleness or the foreshadowing of another market bubble about to burst. (www.immigrantscanada.com). As reported in the news.